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Saia Plans to Buy or Lease Up to 100 Electric Trucks From Nikola

9:24AM ET 1/06/2022 MT Newswires
Saia (SAIA) on Thursday said that it plans to purchase or lease up to 100 Tre heavy-duty electric transportation trucks from Nikola (NKLA).

The purchase will only proceed upon satisfactory completion of a demonstration program scheduled for the first half of this year. The demonstration will involve three electric trucks to be operated in separate locations across the Saia network, according to the logistics company.

The vehicles are expected to be delivered between 2022 and 2024, with the first 25 units set for delivery this year, Saia said.

Nikola's shares were up more than 3% ahead of the opening bell.

Price: 10.2, Change: +0.32, Percent Change: +3.24